China-based smartphone vendors together shipped over 150 million smartphones in fourth-quarter 2022, growing 6.6% on quarter but plunging 21.4% on year, according to DIGITIMES Research's latest report detailing China's smartphone industry.
Periscope lenses will be used more frequently in smartphones, a trend that is promising to become prevalent to meet growing demand for upgrades to photography functions, according to sources familiar with operations at optical lens module companies.
Largan Precision, a maker of optical lens modules, expects its revenue to continue declining in February after its sales fell 18.74% sequentially and 13% annually to NT$3.26 billion (US$107.58 million) in the previous month.
Qualcomm and MediaTek are both looking to emerging markets such as India and Southeast Asia for growth in mobile SoC sales this year, as overall confidence in the mobile phone supply chain remains low for 2023.
MediaTek has provided a relatively optimistic short-term outlook concerning handset inventory digestion at channels. It has also seen some recovery in non-handset business segments. But MediaTek has stressed that it needs more time to observe the long-term business outlook for the entire 2023, which highlights the uncertainties shrouding the current market.
Despite still being the smartphone market leader, Samsung is losing to Apple in the high-end market while being pursued by Chinese brands in the mid-to-low tier market. Samsung has hoped that foldable phones can save its business. However, with Samsung's technical capability and customer loyalty both falling, foldable phones haven't performed well and don't appear to be capable of saving the company.
As seen on Apple's latest financial results, the world's largest company by market cap suffered from a weak economy and supply constraints that led to the worst holiday performance for Apple in four years.
Samsung will manufacture the latest flagship S23 series in India, a move expected to lower the price and hence solidify its top status in India's smartphone market that Samsung just regained in the latest quarter.
Samsung Electronics has reported record high revenues of KRW302.2 trillion (US$245.7 billion) for 2022, a growth of 8% compared to 2021. But a lot of troubles are brewing behind these impressive figures.
Samsung Electronics may be adjusting its smartphone business strategy, focusing more on the high-end and entry-level devices in a weakening market where maintaining shipment volumes across all segments is no longer feasible.
Due to a weak economy that leads to low demand for electronics, Samsung Electronics posted a sharp fall in its operating profit and expects the business environment to improve in the second half of 2023.
Manu Kumar Jain, the poster boy of Xiaomi India's rise to the top in the world's second-largest smartphone market, has confirmed his leaving Xiaomi when the company faces a series of challenges in India.
Amid Apple's efforts to diversify from China, Apple's US-based suppliers are picking up the pace to manufacture in India as China-based suppliers are still waiting for the Indian government's approval.